Phate Zhang

Wang will continue to serve as a senior advisor to the company until December 31, 2022, to ensure a smooth transition, Li Auto said.

Li Auto's guidance for first quarter deliveries is 30,000-32,000 vehicles, the same as its previous guidance for the fourth quarter of last year.

The M5 is available in three versions with a starting price of RMB 249,800 ($39,560).

The company, called Energy Singularity, aims to explore commercially viable fusion energy technologies and eventually achieve human energy freedom.

Not to mention a match with Tesla, Audi has not even caught up with the "taillights" of the new car-making forces, including Nio and Li Auto, the article said.

The Civil Aviation Administration of China has issued "special conditions" to EHang for its unmanned aerial vehicle, putting it in the final stages of airworthiness validation for the EH216-S.

BYD has selected Baidu as its smart driving supplier, which will provide BYD with ANP smart driving products and human-machine co-driving maps, local media reported.

This means Xpeng could see 480 vehicles roll off the line every 12 hours, corresponding to an annual capacity of about 175,200 vehicles on single shift.

An affiliate of Li Auto will invest RMB 400 million and a fund related to Nio's William Li will invest RMB 250 million.

Tesla's expansion plans for its existing plant in Shanghai aim to take capacity to about 1 million vehicles this year, Reuters reported.